Docusign Envelope ID: 9F160C89-6564-45D0-AEE3-FC48E166C4B2
Charity number: 1165257
ROEHAMPTON PARISH TRUST
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Docusign Envelope ID: 9F160C89-6564-45D0-AEE3-FC48E166C4B2
ROEHAMPTON PARISH TRUST
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the charity, its trustees and advisers | 1 |
| Trustees' report | 2 - 4 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the financial statements | 8 - 17 |
Docusign Envelope ID: 9F160C89-6564-45D0-AEE3-FC48E166C4B2
ROEHAMPTON PARISH TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023
Trustees
Carol Campbell (resigned 27 July 2023) Lynne Capocciama, Churchwarden and trustee ex officio (appointed 21 May 2023) Stuart Deacon Rose Ferguson, Churchwarden and Trustee ex officio David Ford Pamela Harris Alan Housden Kate Hunt Tom Kemoh, Churchwarden and Trustee ex officio (resigned 21 May 2023) Susan Melhuish The Revd Joshua Rey, Vicar and Chairman ex officio The Revd Claire Whitmore The Revd Daniel Eshun
Charity registered number
1165257
Principal office
7 Ponsonby Road Roehampton London SW15 4LA
Accountants
Griffin Stone Moscrop & Co Chartered Accountants 21-27 Lamb's Conduit Street London WC1N 3GS
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Docusign Envelope ID: 9F160C89-6564-45D0-AEE3-FC48E166C4B2
ROEHAMPTON PARISH TRUST
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present their annual report together with the financial statements of the charity for the period 1 January 2023 to 31 December 2023.
Objectives and Activities
a. Policies and objectives
The Trust's charitable benefits are quite broadly drawn “for such charitable purposes for the benefit of the residents in the area of benefit as the trustees shall decide. The area of benefit is defined as the ecclesiastical parish of Roehampton and the neighboring ecclesiastical parishes”.
The trustees review the purpose, aims and activities of the charity each year. This review looks at the achievements during the previous period. When carrying out the review and planning future activities, the trustees confirm that they refer to the Charity Commission's guidance on public benefit. The trustees consider how planned activities will contribute to the aims and objectives they have set.
b. Grant making policies
In FY 2022, after extensive reflection, the trustees adopted a new strategic approach to deploying the Trust’s income, and in the current year have continued to implement it.
Following the pattern established after the Parish Hall was sold, and reflecting the intentions of the original donor of the Hall in 1911 and the mix of use historically established for the hall, the Trust anticipates that around a half of its income will continue to be used to fund projects taken forward by the Parish Church. For example, at present there is an in-principle agreement to fund a salary for a youth worker, which will be drawn down when the Parish Church is in a position to provide housing for the youth worker.
As to the remainder of the Trust’s income, the trustees intend to do the following:
-
increase the number (and thus reduce the size) of grants made
-
focus giving on Roehampton, since, although the area of benefit extends more widely, in the 21st century this is the primary area of deprivation in the area of benefit
-
develop over the coming three years a set of theme areas for grants, reflecting the needs and aspirations of the locality, and when this is done, exercise a discipline of never, or rarely, making grants to support projects outside these themes
-
critically, use the grant programme as a whole to catalyze capacity building:
-
Roehampton has for too long been a place where the lead has usually been taken by those living outside the neighbourhood
-
this reflects a relative deficit of certain forms of social capital in the area, which is otherwise rich in energy, vision and connectivity
-
the Trustees will thus seek:
-
to focus grant making on organizations and individuals in the primary area of benefit, with a bias towards new and developing organizations, and individuals with the potential to develop effective and sustainable organizations
-
to build into each grant an additional element of funding for some relevant form of training or support for development, commissioning specialist support where necessary
-
to make grants available, with proper scrutiny and within financial limits, to individuals as well as organizations, reflecting the reality that sometimes those who are capable of delivering a worthwhile project are not yet in a position to set up an organization with legal personality
-
to offer a quick impact grant stream with a fast turnaround
-
to engage at a personal level with individuals and emerging organizations to support their development, in addition to funding projects
-
-
publicise this approach so as to encourage individuals and developing organizations in Roehampton to apply.
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ROEHAMPTON PARISH TRUST
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
Against this background the Trust will also preserve its capacity occasionally to make a large grant in support of a project of particular merit. In keeping with past practice, the Trust will remain particularly interested in furthering the Christian religion, without in any way excluding other projects.
Achievements and Performance
Review of activities
In adopting the above policy the Trustees’ intention was that it would have a long term impact on the capacity of the individuals and organisations based in Roehampton to delivery projects. But they recognized that in the short term this would probably mean a reduction in the total of grants made, and this has been born out. Twelve grants were made to local organisations and individuals to delivery projects, with an average grant of about £770. The total of grants made was £9,239. Projects supported ranged from messy play sessions, through community music, to support of a summer party for senior citizens and ongoing support of the local women’s network.
The long term vision to have a steady stream of applications from home-grown organizations that can absorb half the Trust’s income and, over years, bring about a step change in the capacity of Roehampton to solves its own problems is still some way from realization, but the grants made in the year have advanced the Trust towards this goal.
Pursuant to the policy that half the charity’s income will go to support the Parish Church, a grant of £21,041 was made to Holy Trinity Church to install a new sound system – this also contributed to the church building’s value as a community asset, enabling it to host public meetings and other events.
Financial Review
a. Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
b. Principal risks and uncertainties
The trustees consider the major risk to the trust to be the erosion and loss of capital due to economic uncertainty. They continue to address this risk by working with our investment advisors and monitoring investments.
c. Reserves policy
The trustees of Roehampton Parish Trust hold an endowed fund which had an initial capital value of £1.7million. They aim to keep the value of this endowment to maintain the future of the trust. At the balance sheet date, as a result of cumulative unrealised net investment gains, the investment portfolio had a market value of £2,737,279 (2022 - £2,463,249) of which £2,665,349 (2022 - £2,412,173) is within the endowment fund.
In cash reserves the trustees aim to hold £25,000 to pay for the general running of the trust and to enable it to give emergency aid if required. The trustees have yet to review this policy, but currently cash reserves in the current accounts are below this level. Trustees are in a position to draw part of the cash balance held by the investment advisors at short notice.
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ROEHAMPTON PARISH TRUST
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
Structure, Governance and Management
a. Constitution
Roehampton Parish Trust is a charitable trust governed by a trust deed amended by a Charity Commission scheme. The Trust was registered with the Charity Commission following the November 2015 scheme in January 2016.
The principal object of the charity following the Charity Commission scheme is to hold an endowed fund, with the income from this being used to fund charitable grants to organisations working in the ecclesiastical parish of Roehampton and with a particular interest in promotion of the Christian religion.
b. Method of appointment or election of trustees
The chairman and two trustees are stipulated in the trust deed as the Vicar and Churchwardens of the Ecclesiastical Parish of Roehampton. Other trustees are co-opted for a three year term, renewable at most twice.
Plans for Future Periods
The main aim for the trust during 2024 is to continue to refine and realise the strategy developed in 2023, increasing engagement with locally based individuals and organizations who can deliver good projects at the same time as raising the overall level of social capital and delivery capacity in Roehampton. As in 2023, the Trust will be willing to underspend its income in order to hold to the principles in the strategy, recognising that there are no short cuts to the overall strategic aim that Roehampton shall move from being a community that is done to or done for, to having a sustainable capacity to solve our own problems, God being our helper.
Approved by order of the members of the board of trustees and signed on their behalf by:
................................................
The Revd Joshua Rey (Chair of Trustees) Date: 27 January 2025
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ROEHAMPTON PARISH TRUST
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
Independent examiner's report to the trustees of Roehampton Parish Trust ('the charity')
I report to the charity trustees on my examination of the financial statements of the charity for the year ended 31 December 2023.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my work or for this report.
28/1/2025 Signed: Dated: Richard Hill FCA
Griffin Stone Moscrop & Co Chartered Accountants 21-27 Lamb's Conduit Street London WC1N 3GS
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Docusign Envelope ID: 9F160C89-6564-45D0-AEE3-FC48E166C4B2
ROEHAMPTON PARISH TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
| Note Income and endowments from: Investments 3 Total income and endowments Expenditure on: Charitable activities 4 Total expenditure Net income/(expenditure) before net gains/(losses) on investments Net realised & unrealised (losses)/ gains on investments Net income/(expenditure) Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2023 £ 59,643 59,643 51,203 51,203 8,440 - 8,440 8,440 64,482 8,440 72,922 |
Endowment funds 2023 £ - - - - - 253,176 253,176 253,176 2,412,173 253,176 2,665,349 |
Total funds 2023 £ 59,643 59,643 51,203 51,203 8,440 253,176 261,616 261,616 2,476,655 261,616 2,738,271 |
Total funds 2022 £ 54,199 54,199 60,698 60,698 (6,499) (209,697) (216,196) (216,196) 2,692,851 (216,196) 2,476,655 |
|---|---|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 8 to 17 form part of these financial statements.
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Docusign Envelope ID: 9F160C89-6564-45D0-AEE3-FC48E166C4B2
ROEHAMPTON PARISH TRUST
BALANCE SHEET AS AT 31 DECEMBER 2023
| Note Fixed assets Investments 9 Current assets Cash at bank Creditor: amount falling due within one year 10 Net current assets Total net assets Charity funds Endowment funds 12 Restricted funds 12 Unrestricted funds 12 Total funds |
2023 £ 2,912 (1,920) |
2023 £ 2,737,279 992 2,738,271 2,665,349 - 72,922 2,738,271 |
2022 £ 15,206 (1,800) |
2022 £ 2,463,249 13,406 |
|---|---|---|---|---|
| 2,476,655 | ||||
| 2,412,173 - 64,482 |
||||
| 2,476,655 |
The financial statements were approved and authorised for issue by the trustees and signed on their behalf by:
The Revd Joshua Rey (Chair of Trustees) Date: 27 January 2025
The notes on pages 8 to 17 form part of these financial statements.
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ROEHAMPTON PARISH TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
1. General information
Roehampton Parish Trust is a registered grant making charity in England & Wales. Details of its location, charity number and the nature of its activities can be found on the reference and administrative details page and in the annual trustees' report.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Roehampton Parish Trust meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
The financial statements are prepared in sterling, which is the presentation currency of the charity, and are rounded to the nearest £1.
2.2 Income
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
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ROEHAMPTON PARISH TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
2. Accounting policies (continued)
2.4 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
2.5 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(losses) on investments’ in the statement of financial activities.
2.6 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.7 Liabilities and provisions
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
2.8 Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.9 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
The endowment fund is a capital fund established in accordance with the scheme agreed with The Charity Commission in November 2015. The income arising fro the endowment is available to be applied to the general fund in order to facilitate the provision of charitable grants to organisations working in the ecclesiastical parish of Roehampton.
Investment income, gains and losses are allocated to the appropriate fund.
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Docusign Envelope ID: 9F160C89-6564-45D0-AEE3-FC48E166C4B2
ROEHAMPTON PARISH TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
3. Investment income
| Income from managed investment portfolio Bank interest Income from managed investment portfolio Bank interest |
Unrestricted funds 2023 £ 59,595 48 59,643 Unrestricted funds 2022 £ 54,181 18 54,199 |
Total funds 2023 £ 59,595 48 |
|---|---|---|
| 59,643 | ||
| Total funds 2022 £ 54,181 18 |
||
| 54,199 |
4. Analysis of expenditure on charitable activities
Summary by fund type
| Charitable activities in Roehampton Charitable activities in Roehampton |
Unrestricted funds 2023 £ 51,203 Unrestricted funds 2022 £ 60,698 |
Total 2023 £ 51,203 |
|---|---|---|
| Total 2022 £ 60,698 |
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Docusign Envelope ID: 9F160C89-6564-45D0-AEE3-FC48E166C4B2
ROEHAMPTON PARISH TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
5. Analysis of expenditure by activities
| Charitable activities in Roehampton Charitable activities in Roehampton |
Grant funding of activities (see note 6) 2023 £ 30,280 Grant funding of activities 2022 £ 20,487 |
Support costs 2023 £ 20,923 Support costs 2022 £ 40,211 |
Total funds 2023 £ 51,203 |
|---|---|---|---|
| Total funds 2022 £ 60,698 |
Analysis of support costs
| Investment management and advisor fees Bank charges Subscriptions Governance costs Sundry expenses Investment management and advisor fees Bank charges Governance costs |
Activities 2023 £ 18,741 94 168 1,920 20,923 Activities 2022 £ 42 38,259 82 1,828 40,211 |
Total funds 2023 £ 18,741 94 168 1,920 |
|---|---|---|
| 20,923 | ||
| Total funds 2022 £ 42 38,259 82 1,828 |
||
| 40,211 |
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ROEHAMPTON PARISH TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
5. Analysis of expenditure by activities (continued)
Analysis of support costs (continued)
6. Analysis of grants
| Grants payable Grants payable The charity has made the following grants to institutions during the year: Name of institution Roehampton Church School Regenerate Holy Trinity Church Boxing Club Estate Art 60+ Cafe SW15 Women's Network Orlena Macintosh R.O.C.K.S International Arts Ltd Verena Nash Noelia Golding |
Grants to institutions 2023 £ 30,280 Grants to institutions 2022 £ 20,487 2023 £ 486 1,000 21,041 - 1,169 1,200 2,314 575 600 1,245 650 30,280 |
Total funds 2023 £ 30,280 |
|---|---|---|
| Total funds 2022 £ 20,487 |
||
| 2022 £ 15,000 2,304 1,600 1,025 558 - - - - - - |
||
| 20,487 |
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ROEHAMPTON PARISH TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
7. Independent examiner's remuneration
The independent examiner's remuneration amounts to an independent examiner fee of £1,920 (2022 - £1,800).
8. Trustees' remuneration and expenses
During the year, no trustees received any remuneration or other benefits (2022 - £NIL).
During the year ended 31 December 2023, no trustee expenses have been incurred (2022 - £NIL).
9. Fixed asset investments
| Cost or valuation At 1 January 2023 Additions Disposals Unrealised profit on investments held at 31 December 2023 Investment management and advisor fees deducted Cash withdrawal from investment cash account Dividends added to investments At 31 December 2023 Net book value At 31 December 2023 At 31 December 2022 |
Managed investment fund £ 2,463,249 448,728 (416,045) 220,493 (18,741) (20,000) 59,595 2,737,279 2,737,279 2,463,249 |
|---|---|
The managed investment fund consists of a portfolio of investments in equities, bonds and funds supported by cash accounts which are used to facilitate the management of the investments at the fund manager's discretion. Cash was withdrawn during the year as stated above, and the net unrealised gains in the year were £220,493. Investments at 31 December 2023 had a historical cost of £2,377,565 (2022 - £2,279,974).
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ROEHAMPTON PARISH TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
10. Creditor: amount falling due within one year
| Accrual Financial instruments Financial assets Financial assets measured at fair value through net (expenditure)/income |
2023 £ 1,920 2023 £ 2,740,191 |
2022 £ 1,800 |
|---|---|---|
| 2022 £ 2,478,455 |
11. Financial instruments
Financial assets measured at fair value through net (expenditure)/income comprise fixed asset investments and cash at bank.
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ROEHAMPTON PARISH TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
12. Statement of funds
Statement of funds - current year
| Balance at | |||||
|---|---|---|---|---|---|
| Balance at 1 | 31 | ||||
| January | Gains/ | December | |||
| 2023 | Income | Expenditure | (Losses) | 2023 | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| General Funds | 64,482 | 59,643 | (51,203) | - | 72,922 |
| Endowment funds | |||||
| Endowment Fund | 2,412,173 | - | - | 253,176 | 2,665,349 |
| Total of funds | 2,476,655 | 59,643 | (51,203) | 253,176 | 2,738,271 |
| Statement of funds - prior year | |||||
| Balance at | |||||
| Balance at | 31 | ||||
| 1 January | Gains/ | December | |||
| 2022 | Income | Expenditure | (Losses) | 2022 | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| General Funds | 70,981 | 54,199 | (60,698) | - | 64,482 |
| Endowment funds | |||||
| Endowment Fund | 2,621,870 | - | - | (209,697) | 2,412,173 |
| Total of funds | 2,692,851 | 54,199 | (60,698) | (209,697) | 2,476,655 |
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Docusign Envelope ID: 9F160C89-6564-45D0-AEE3-FC48E166C4B2
ROEHAMPTON PARISH TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
13. Summary of funds
Summary of funds - current year
General funds Endowment funds |
Balance at 1 January 2023 £ 64,482 2,412,173 2,476,655 Balance at 1 January 2022 £ 70,981 2,621,870 2,692,851 |
Income £ 59,643 - 59,643 Income £ 54,199 - 54,199 |
Expenditure £ (51,203) - (51,203) Expenditure £ (60,698) - (60,698) |
Gains/ (Losses) £ - 253,176 253,176 Gains/ (Losses) £ - (209,697) (209,697) |
Balance at 31 December 2023 £ 72,922 2,665,349 |
|---|---|---|---|---|---|
| 2,738,271 | |||||
| Balance at 31 December 2022 £ 64,482 2,412,173 |
|||||
| Summary of funds - prior year | |||||
| General funds Endowment funds |
|||||
| 2,476,655 |
14. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Fixed asset investments Current assets Creditors: amounts falling due within one year Total |
Unrestricted funds 2023 £ 71,930 2,912 (1,920) 72,922 |
Endowment funds 2023 £ 2,665,349 - - 2,665,349 |
Total funds 2023 £ 2,737,279 2,912 (1,920) 2,738,271 |
|---|---|---|---|
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ROEHAMPTON PARISH TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
14. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior year
| Fixed asset investments Current assets Creditors: amounts falling due within one year Total |
Unrestricted funds 2022 £ 51,076 15,206 (1,800) 64,482 |
Endowment funds 2022 £ 2,412,173 - - 2,412,173 |
Total funds 2022 £ 2,463,249 15,206 (1,800) 2,476,655 |
|---|---|---|---|
15. Related party transactions
The PCC of Holy Trinity, the Parish Church of Roehampton, is considered a related party of this charity as both organisations have some trustees in common.
During the period under review grants totalling £21,041 (2022 - £1,600) were awarded to the Church.
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